Currency in Circulation (CiC) Subject – Economy Context – CiC to GDP ratio remains high at 14.5% for FY21: Currency-in-circulation growth falls Concept – Cash-to-GDP Ratio or Currency in Circulation (CIC) to GDP Ratio or simply currency-to-GDP ratio shows the value of cash in circulation as a ratio of GDP. Currency in circulation […]

    Banks to offer OD of ₹5,000 to women SHG members Subject – Economy Context – Banks will offer ₹5,000 overdraft (OD) to verified women Self Help Group (SHG) members having Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts. Concept – Banks will offer ₹5,000 overdraft (OD) to verified women Self Help Group (SHG) members […]

    Three Decades of the Economic Reforms in India Subject – Economy Context – Reforms, growth, equity the only way to sustain high growth rate: C Rangarajan Concept – In 1980, per capita income of India and China was similar, but by 2020, China’s was $10,500 as against India’s $1,900. India’s GDP growth increased […]

    Series G Funding Subject – Economy Context – Funding blitz: Four start-ups raise over $1.2 billion from new, existing investors Concept – Every round of funding represents new opportunity for the business, but also presents the possibility of diluting the company’s equity and valuation. Very few companies are going to make it to […]